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Global Tariff

All articles tagged with #global tariff

UK keeps all options open as US tariffs loom
world1 month ago

UK keeps all options open as US tariffs loom

Downing Street says nothing is off the table if the US does not honour the current UK‑US tariff deal, but stresses no one wants a trade war, as Washington moves to a 15% global tariff that would largely bypass the sector-specific deals with the UK; talks remain constructive and all options are on the table to protect British business, while the EU pauses its deal and analysts warn of potential UK damage if the broader tariff goes ahead. The policy uses Section 122 of the 1974 Trade Act, with exemptions for some items, and officials urge clarity on how UK exports will be treated.

Tariffs Stay Course Despite Court Ruling, Trade Chief Says
business1 month ago

Tariffs Stay Course Despite Court Ruling, Trade Chief Says

Despite a Supreme Court ruling that most Trump-era tariffs were illegal, US trade chief Jamieson Greer says the policy will stay on course, with potential changes to the legal tools used; a 15% global tariff announced after the ruling sits apart from bilateral deals with about 20 countries, which the administration says will remain in force. Refunds for tariffs paid are to be decided by courts, while China urged lifting the tariffs and India postponed a Washington trade delegation as reactions varied and lawmakers criticized the policy’s reach.